1 OCTOBER 1937, Page 32

E.M.I. RESULTS.

For some little time before the " dividend announcement Electric and Musical Industries shares had been a strong market on rumours of increased dividend. These reports, however, proved to be incorrect. The directors recommend a dividend of to per cent. for the year, which is unchanged. The financial statement, however, was a good one; profits showed an increase at £363,964 for the year as compared with £266,789 for the previous year. - Thus, whereas a year ago the Ordinary"dividerid was only just earned, there is now a very substantial margin represented in the past year's earnings. The shares fell back for a time simply -because the more sanguine estimates had not been fulfilled.

(Continued on page 566.)